Business / Agriculture / Morrill Act Of 1862: Enacted July 2, 1862 (chapter 130, 12 Stat. 503), this law allocated federal land to each state and directed the states to sell the land and use the proceeds to establish a college dedicated to the agricultural and mechanical arts. States without federal lands within their borders received land in scrip, giving them the right to sell federal land located in other states. The act resulted in the establishment of the land grant colleges of agriculture. The purpose of the Act was not only to improve the economic and social welfare of farmers, but also to make higher education with a practical application generally available to all segments of U.S. society. The Act pertained only to the original establishment of the colleges of agriculture, and is not an authority under which the colleges currently receive federal funds.
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Business / Agriculture / Packers And Stockyards Act Of 1921: P.L. 67-51 (August 15, 1921) remains, in amended form, the basic authority for USDA to regulate marketing practices in the livestock, poultry, and meat industries. The law was enacted to prevent unfai MORE
Business / Human Resources (HR) / Paid Time Off (PTO): A benefit program granting employees a specific number of vacation or personal days off which that are paid by the employer. The number of days is generally based on the employer’s policy for accrua MORE